The weekly export sales figures all aligned with expectations, but at least the bean number improved significantly. During the week ending the 25th, we sold 414,000 MT or 15.2 million bushels. This was up 96% for the week and 45% above the 4-week average. Egypt was the top buyer with…
Market Commentary
Daily Comments
Last week, the wheat market tried to lead the grain/soy complex higher, and this week, beans appear to be doing just the opposite. As I have noted previously, the fundamental picture for beans provides little to inspire any would-be bulls. However, with all the uncertainty of a growing season laid…
Daily Comments
There is no question that the advance in the grain/soy markets this week has been led by wheat; all have contributed to some degree. If we closed out the week right now, May corn would have gained 8-cents, Chicago wheat 54-cents, KC wheat 53-cents, and May soybeans 7-cents. If we…